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[Form 4] CARVANA CO. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Ernest C. Garcia III, who serves as Carvana Co.'s Chief Executive Officer and a director and is identified as a 10% owner, reported multiple sales of Class A common stock under a Rule 10b5-1 trading plan adopted December 13, 2024. The transactions were executed on 09/12/2025 in multiple trades at varying prices; the filing discloses volume-weighted average sale prices for grouped trades ranging roughly from $360.52 to $370.00. The Form 4 shows an aggregate disposition of 921,926 shares. Shares sold were held directly by two trusts for which Garcia is Investment Trustee and Co-Administrative Trustee: the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III. The Form is signed by Paul Breaux by power of attorney on behalf of Garcia.

Ernest C. Garcia III, che ricopre la carica di Chief Executive Officer di Carvana Co. e un direttore, ed è identificato come proprietario del 10%, ha riportato multiple vendite di azioni ordinarie di Class A nell'ambito di un piano di negoziazione Rule 10b5-1 adottato il 13 dicembre 2024. Le operazioni sono state eseguite il 12/09/2025 in più operazioni a prezzi variabili; la dichiarazione rivela i prezzi di vendita ponderati per volume per operazioni raggruppate che vanno grossomodo da $360,52 a $370,00. Il Form 4 mostra una disposizione aggregata di 921.926 azioni. Le azioni vendute erano detenute direttamente da due trust per i quali Garcia è Trustee di investimento e Co-Amministratore Trustee: l'Ernest Irrevocable 2004 Trust III e l'Ernest C. Garcia III Multi-Generational Trust III. Il modulo è firmato da Paul Breaux per procura per conto di Garcia.

Ernest C. Garcia III, quien sirve como Director Ejecutivo de Carvana Co. y director y es identificado como dueño del 10%, reportó múltiples ventas de acciones ordinarias Clase A bajo un plan de negociación Rule 10b5-1 adoptado el 13 de diciembre de 2024. Las transacciones se ejecutaron el 12/09/2025 en múltiples operaciones a precios variables; la presentación divulga precios de venta ponderados por volumen para operaciones agrupadas que oscilan aproximadamente entre $360.52 y $370.00. El Formulario 4 muestra una disposición agregada de 921,926 acciones. Las acciones vendidas eran mantenidas directamente por dos fideicomisos para los que Garcia es Fiduciario de Inversión y Co-Fiduciario Administrativo: el Ernest Irrevocable 2004 Trust III y el Ernest C. Garcia III Multi-Generational Trust III. El Formulario está firmado por Paul Breaux por poder en nombre de Garcia.

Ernest C. Garcia III는 Carvana Co.의 최고경영자이자 이사로 재직 중이며 10% 보유자로 식별되며 2024년 12월 13일에 채택된 Rule 10b5-1 거래 계획에 따라 다수의 Class A 보통주 매도를 보고했습니다. 거래는 2025-09-12에 다양한 가격으로 다수의 거래로 실행되었습니다; 제출서는 그룹화된 거래에 대한 거래가중평균매도가격을 약 $360.52에서 $370.00 사이로 공개합니다. Form 4는 총액 배분으로 921,926 주를 보여줍니다. 매도된 주식은 Garcia가 투자 수탁자이자 공동 행정 수탁자인 두 신탁이 직접 보유하고 있었으며, Ernest Irrevocable 2004 Trust III와 Ernest C. Garcia III Multi-Generational Trust III에 해당합니다. 양식은 Garcia를 대신하여 위임장을 가진 Paul Breaux가 서명했습니다.

Ernest C. Garcia III, qui occupe le poste de directeur général de Carvana Co. et est administrateur et est identifié comme propriétaire à 10 %, a signalé plusieurs ventes d’actions ordinaires de classe A dans le cadre d’un plan de négociation Rule 10b5-1 adopté le 13 décembre 2024. Les transactions ont été exécutées le 09/12/2025 en plusieurs opérations à des prix variables; le dépôt divulgue des prix de vente moyen pondéré par le volume pour des opérations regroupées allant approximativement de $360,52 à $370,00. Le Form 4 montre une cession agrégée de 921 926 actions. Les actions vendues étaient détenues directement par deux fiducies pour lesquelles Garcia est Fiduciaire d’investissement et Co‑Administrateur Fiduciaire: l’Ernest Irrevocable 2004 Trust III et l’Ernest C. Garcia III Multi-Generational Trust III. Le formulaire est signé par Paul Breaux par procuration au nom de Garcia.

Ernest C. Garcia III, der als Chief Executive Officer von Carvana Co. und als Direktor fungiert und als 10%-Eigentümer identifiziert wird, meldete mehrere Verkäufe von Class-A- Stammaktien im Rahmen eines Rule 10b5-1-Handelsplans, der am 13. Dezember 2024 angenommen wurde. Die Transaktionen wurden am 09/12/2025 in mehreren Trades zu unterschiedlichen Preisen ausgeführt; die Einreichung offenbart volumen-gewogene Durchschnittsverkaufspreise für gruppierte Trades, die grob zwischen $360,52 und $370,00 liegen. Das Formular 4 zeigt eine aggregierte Veräußerung von 921.926 Aktien. Die verkauften Anteile wurden direkt von zwei Trusts gehalten, für die Garcia Investment Trustee und Co‑Administrative Trustee ist: der Ernest Irrevocable 2004 Trust III und der Ernest C. Garcia III Multi-Generational Trust III. Das Formular ist von Paul Breaux durch Vollmacht im Namen von Garcia unterzeichnet.

Ernest C. Garcia III، الذي يشغل منصب الرئيس التنفيذي لشركة Carvana Co. وعضو مجلس الإدارة ويُعرّف كمالك بنسبة 10%، قد أبلغ عن بيع عدة أسهم عادية من الفئة أ بموجب خطة تداول Rule 10b5-1 التي اعتمدت في 13 ديسمبر 2024. تم تنفيذ المعاملات في 12/09/2025 في عدة صفقات بأسعار مختلفة؛ تُظهر الإيداع أسعار البيع المتوسطة المرجحة بالحجم لصفقات مجمّعة تتراوح تقريبا من $360.52 إلى $370.00. يظهر النموذج 4 تخصيصاً إجمالياً لـ 921,926 سهماً. الأسهم المباعة كانت مملوكة مباشرة من قبل صندوقين ائتمانيين يقودهما Garcia كوصي استثماري وكوصي إداري مشارك: Ernest Irrevocable 2004 Trust III و Ernest C. Garcia III Multi-Generational Trust III. تم توقيع النموذج من قبل Paul Breaux بموجب تفويض نيابة عن Garcia.

Ernest C. Garcia III，担任 Carvana Co. 的首席执行官兼董事，并被认定为10%的所有者，按2024年12月13日通过的Rule 10b5-1交易计划报告了多次出售A类普通股的交易。交易于2025-09-12以多笔交易在不同价格进行；申报披露了按成交量加权的分组交易的平均出售价格，大致在$360.52至$370.00之间。Form 4显示总处置量为921,926股。此次出售的股票直接由Garcia担任投资受托人及共同行政受托人的两家信托所持有：Ernest Irrevocable 2004 Trust III和Ernest C. Garcia III Multi-Generational Trust III。表格由Paul Breaux代 Garcia 署名。

Positive
  • Sales executed under a Rule 10b5-1 plan, indicating preauthorization and compliance with insider trading procedures
  • Detailed pricing disclosure with volume-weighted average prices and willingness to provide per-trade quantities supports transparency
  • Identification of trusts and trustee roles clarifies the form of indirect beneficial ownership
Negative
  • Large aggregate disposition of 921,926 shares by the CEO and 10% owner is material in size
  • Multiple substantial sales on a single date may be perceived negatively by some investors despite 10b5-1 protection

Insights

TL;DR: Large, preplanned insider sales executed under a 10b5-1 plan; procedural compliance reduces governance concerns but the volume is material.

The reported 921,926 share disposition by the CEO/10% owner was carried out pursuant to a Rule 10b5-1 plan adopted in December 2024, which indicates the sales were pre-authorized and intended to provide an affirmative defense under insider trading rules. The filing provides volume-weighted average prices across multiple trade groups from roughly $360.52 up to $370.00, and identifies two trusts as the direct holders where Garcia serves as trustee. From a governance perspective, use of a 10b5-1 plan is a standard compliance mechanism; however, the size of the sales is large enough to be considered material relative to typical insider transactions and could affect market perception. The disclosure is detailed on pricing bands and offers to provide per-trade quantities upon request, which supports transparency.

TL;DR: Significant insider selling by a key executive recorded; sale mechanics transparent but reduces insider ownership exposure.

The Form 4 documents repeated sales on a single date using multiple price bands with reported volume-weighted averages, demonstrating transactional granularity. The reporting person remains associated with two trusts that hold the shares, and the form lists post-transaction beneficial ownership figures for each trust line item. Because the trades are under a 10b5-1 plan, they are less likely to reflect contemporaneous private information, yet the absolute share count (921,926) is notable and may modestly reduce the reporting person’s aggregate economic exposure. No derivative holdings or other compensatory transactions are reported on this Form 4.

Ernest C. Garcia III, che ricopre la carica di Chief Executive Officer di Carvana Co. e un direttore, ed è identificato come proprietario del 10%, ha riportato multiple vendite di azioni ordinarie di Class A nell'ambito di un piano di negoziazione Rule 10b5-1 adottato il 13 dicembre 2024. Le operazioni sono state eseguite il 12/09/2025 in più operazioni a prezzi variabili; la dichiarazione rivela i prezzi di vendita ponderati per volume per operazioni raggruppate che vanno grossomodo da $360,52 a $370,00. Il Form 4 mostra una disposizione aggregata di 921.926 azioni. Le azioni vendute erano detenute direttamente da due trust per i quali Garcia è Trustee di investimento e Co-Amministratore Trustee: l'Ernest Irrevocable 2004 Trust III e l'Ernest C. Garcia III Multi-Generational Trust III. Il modulo è firmato da Paul Breaux per procura per conto di Garcia.

Ernest C. Garcia III, quien sirve como Director Ejecutivo de Carvana Co. y director y es identificado como dueño del 10%, reportó múltiples ventas de acciones ordinarias Clase A bajo un plan de negociación Rule 10b5-1 adoptado el 13 de diciembre de 2024. Las transacciones se ejecutaron el 12/09/2025 en múltiples operaciones a precios variables; la presentación divulga precios de venta ponderados por volumen para operaciones agrupadas que oscilan aproximadamente entre $360.52 y $370.00. El Formulario 4 muestra una disposición agregada de 921,926 acciones. Las acciones vendidas eran mantenidas directamente por dos fideicomisos para los que Garcia es Fiduciario de Inversión y Co-Fiduciario Administrativo: el Ernest Irrevocable 2004 Trust III y el Ernest C. Garcia III Multi-Generational Trust III. El Formulario está firmado por Paul Breaux por poder en nombre de Garcia.

Ernest C. Garcia III는 Carvana Co.의 최고경영자이자 이사로 재직 중이며 10% 보유자로 식별되며 2024년 12월 13일에 채택된 Rule 10b5-1 거래 계획에 따라 다수의 Class A 보통주 매도를 보고했습니다. 거래는 2025-09-12에 다양한 가격으로 다수의 거래로 실행되었습니다; 제출서는 그룹화된 거래에 대한 거래가중평균매도가격을 약 $360.52에서 $370.00 사이로 공개합니다. Form 4는 총액 배분으로 921,926 주를 보여줍니다. 매도된 주식은 Garcia가 투자 수탁자이자 공동 행정 수탁자인 두 신탁이 직접 보유하고 있었으며, Ernest Irrevocable 2004 Trust III와 Ernest C. Garcia III Multi-Generational Trust III에 해당합니다. 양식은 Garcia를 대신하여 위임장을 가진 Paul Breaux가 서명했습니다.

Ernest C. Garcia III, qui occupe le poste de directeur général de Carvana Co. et est administrateur et est identifié comme propriétaire à 10 %, a signalé plusieurs ventes d’actions ordinaires de classe A dans le cadre d’un plan de négociation Rule 10b5-1 adopté le 13 décembre 2024. Les transactions ont été exécutées le 09/12/2025 en plusieurs opérations à des prix variables; le dépôt divulgue des prix de vente moyen pondéré par le volume pour des opérations regroupées allant approximativement de $360,52 à $370,00. Le Form 4 montre une cession agrégée de 921 926 actions. Les actions vendues étaient détenues directement par deux fiducies pour lesquelles Garcia est Fiduciaire d’investissement et Co‑Administrateur Fiduciaire: l’Ernest Irrevocable 2004 Trust III et l’Ernest C. Garcia III Multi-Generational Trust III. Le formulaire est signé par Paul Breaux par procuration au nom de Garcia.

Ernest C. Garcia III, der als Chief Executive Officer von Carvana Co. und als Direktor fungiert und als 10%-Eigentümer identifiziert wird, meldete mehrere Verkäufe von Class-A- Stammaktien im Rahmen eines Rule 10b5-1-Handelsplans, der am 13. Dezember 2024 angenommen wurde. Die Transaktionen wurden am 09/12/2025 in mehreren Trades zu unterschiedlichen Preisen ausgeführt; die Einreichung offenbart volumen-gewogene Durchschnittsverkaufspreise für gruppierte Trades, die grob zwischen $360,52 und $370,00 liegen. Das Formular 4 zeigt eine aggregierte Veräußerung von 921.926 Aktien. Die verkauften Anteile wurden direkt von zwei Trusts gehalten, für die Garcia Investment Trustee und Co‑Administrative Trustee ist: der Ernest Irrevocable 2004 Trust III und der Ernest C. Garcia III Multi-Generational Trust III. Das Formular ist von Paul Breaux durch Vollmacht im Namen von Garcia unterzeichnet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GARCIA ERNEST C. III
(Last) (First) (Middle)
C/O CARVANA CO.
300 E. RIO SALADO PARKWAY
(Street)
TEMPE AZ 85281
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CARVANA CO. [ CVNA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/12/2025 S 523(1) D $361.15(2) 442,887 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 09/12/2025 S 523(1) D $361.15(2) 542,887 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 09/12/2025 S 661(1) D $361.85(5) 442,226 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 09/12/2025 S 661(1) D $361.85(5) 542,226 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 09/12/2025 S 134(1) D $363.01(6) 442,092 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 09/12/2025 S 134(1) D $363.01(6) 542,092 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 09/12/2025 S 118(1) D $364.28(7) 441,974 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 09/12/2025 S 117(1) D $364.57(8) 541,975 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 09/12/2025 S 103(1) D $365.19(9) 441,871 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 09/12/2025 S 104(1) D $365.51(10) 541,871 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 09/12/2025 S 173(1) D $366.51(11) 441,698 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 09/12/2025 S 173(1) D $366.51(11) 541,698 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 09/12/2025 S 138(1) D $367.32(12) 441,560 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 09/12/2025 S 137(1) D $367.67(13) 541,561 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 09/12/2025 S 33(1) D $368.24(14) 441,527 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 09/12/2025 S 34(1) D $368.9(15) 541,527 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 09/12/2025 S 87(1) D $369.53(16) 441,440 I Ernest Irrevocable 2004 Trust III(3)
Class A Common Stock 09/12/2025 S 87(1) D $369.53(16) 541,440 I Ernest C. Garcia III Multi-Generational Trust III(4)
Class A Common Stock 921,926 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.
2. This transaction was executed in multiple trades at prices ranging from $360.52 to $361.51 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
3. These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.
4. These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.
5. This transaction was executed in multiple trades at prices ranging from $361.53 to $362.52 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
6. This transaction was executed in multiple trades at prices ranging from $362.54 to $363.50 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
7. This transaction was executed in multiple trades at prices ranging from $363.79 to $364.44, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
8. This transaction was executed in multiple trades at prices ranging from $364.44 to $364.67, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
9. This transaction was executed in multiple trades at prices ranging from $364.80 to $365.34, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
10. This transaction was executed in multiple trades at prices ranging from $365.34 to $365.79, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
11. This transaction was executed in multiple trades at prices ranging from $365.87 to $366.81, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
12. This transaction was executed in multiple trades at prices ranging from $366.99 to $367.58, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
13. This transaction was executed in multiple trades at prices ranging from $367.58 to $367.91, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
14. This transaction was executed in multiple trades at prices ranging from $368.13 to $368.68, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
15. This transaction was executed in multiple trades at prices ranging from $368.68 to $369.00, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
16. This transaction was executed in multiple trades at prices ranging from $369.22 to $370.00, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.
Remarks:
/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III 09/15/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did the Form 4 filed for CARVANA CO. (CVNA) on 09/15/2025 disclose?

The filing reported multiple Class A common stock sales by Ernest C. Garcia III executed on 09/12/2025, totaling 921,926 shares and transacted at volume-weighted average prices ranging roughly from $360.52 to $370.00.

Were the insider sales by CVNA's CEO part of a 10b5-1 plan?

Yes. The Form 4 states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on December 13, 2024.

Which entities held the shares sold according to the Form 4 for CVNA?

The shares were held directly by the Ernest Irrevocable 2004 Trust III and the Ernest C. Garcia III Multi-Generational Trust III, for which Garcia is Investment Trustee and Co-Administrative Trustee.

Does the Form 4 show any derivative transactions for CVNA?

No. Table II (derivative securities) contains no reported derivative acquisitions or dispositions on this Form 4.

Who signed the Form 4 on behalf of Ernest C. Garcia III?

The Form 4 was signed by Paul Breaux by power of attorney for Ernest C. Garcia III on 09/15/2025.
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Carvana

NYSE:CVNA

CVNA Rankings

#295 Ranked by Market Cap
N/A Ranked by Dividends

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CVNA Latest SEC Filings

Sep 17, 2025
[Form 4] CARVANA CO. Insider Trading Activity
Sep 17, 2025
[Form 4] CARVANA CO. Insider Trading Activity
Sep 15, 2025
[Form 4] CARVANA CO. Insider Trading Activity
Sep 15, 2025
[Form 4] CARVANA CO. Insider Trading Activity
Sep 11, 2025
[Form 4] Carvana Co. Insider Trading Activity

CVNA Stock Data

50.34B
134.91M
2.28%
96.33%
9.94%
Auto & Truck Dealerships
Retail-auto Dealers & Gasoline Stations
Link
United States
TEMPE